Michigan revenue falls in April after March Madness boom
| By Marese O'Hagan
Michigan online betting and gaming operators brought in $115.23m in April, a drop of 9.5% after March Madness helped to bring March’s revenue to $127.4m.
Online casino gaming generated the majority of revenue at $94.85m, a slight decrease of 0.26% month-on-month, while online sports betting brought in an additional $20.38m, another decrease of 36.9%. Online sports betting operators reported a handle of $249.9m in April, a drop of 30.4% compared to March.
Richard S. Kalm, executive director of Michigan Gaming Control Board (MGCB), contributed the comparative dip to the high revenue brought in by March Madness.
Read the full story on iGB North America.